What Is Preferred Stock, And Should I Buy It?
It's not the sexiest thing going, but preferred stock, which typically yields between 5% and 7%, can play a beneficial role in income investors' portfolios.
As long as those investors know exactly what they're getting into.
Before we get started, know that preferred stock as an asset class is somewhat complicated and covers a lot of ground, so we'll be hitting only some of its more salient characteristics here.
Suffice to say, that – as with any investment – it's critical for individual investors to understand the particular
